The Real Deal Miami

Monica Venegas lists her Key Biscayne waterfront home for $7.5M

UPDATED July 18, 9:50 p.m.: Real estate broker Monica Venegas is literally handling this sale in-house: the founder of Miami-based Venegas International Group just put her Key Biscayne waterfront home on the market for $7.47 million.

Venegas owns the 6,686-square-foot home at 921 Harbor Drive with her ex-husband Anastasio Lorente, co-founder and broker of Great Properties International Realty. Records show the home sits on 0.36 acres and is priced at $1,118 per square foot. Venegas is also listing the home for rent at $27,000 a month, according to Redfin.

She told The Real Deal she is looking for a smaller condo in the area.

“With the kids gone, I’m looking to downsize,” Venegas said. “I have a competitive price, but it’s the right price in order to sell.”

Property records show the owners bought the house in 2003 for $2.23 million. The couple added 1,700 square feet to the house in 2006, and the renovations cost about $1 million, she said.

“The lot is the selling point,” Venegas said.

The six bedroom, seven-bathroom and one half-bath home hit the market three days ago, according to Redfin. It boasts large windows, high ceilings, marble floors and modern kitchen appliances with custom-built Snaidero cabinets. Outside the home offers an infinity pool, garden and dock space that can fit a 100-foot yacht.

Last month, a nearby 6,042-square-foot Key Biscayne waterfront house at 220 Knollwood Drive sold for $8.5 million, or about $1,406 per square foot.

Key Biscayne mansions have fetched higher price tags. Earlier this year, Estrella Insurance founder Nicolas Estrella listed his Key Biscayne estate for $40 million, marking the fourth most expensive home for sale in Miami-Dade County, and the most expensive in Key Biscayne.

Last year, Evan Metropoulos, the son of Hostess investor C. Dean Metropoulos, paid a combined $58.9 million for adjacent homes at 775 and 755 South Mashta Drive, which total 2.3 acres.

Correction: An earlier version of the article stated Venegas was getting a divorce. The couple split in 2014.